South Malartic Exploration (MSU-X) plans a winter drill program after encountering a new zone of gold mineralization during stripping and trenching 500 metres east of the Croinor deposit, 55 km east of Val d’Or, Que.
Channel sampling across a pyritized shear zone intersecting basaltic flows returned 8.2 metres running 4.3 grams gold, including 1 metre of 29.6 grams gold. Five metres to the west, another channel sample cut 9.9 metres at 2.5 grams gold, 1.5 metres of 7.9 grams. At least 20 other samples returned between 1 and 4 grams gold over 1 metre.
The company says the shear zone can be traced for more than 80 metres on surface, and corresponds with a little explored, induced polarization anomaly running more than a kilometre.
South Malartic also plans to sink some 1,500 metres worth of diamond drilling designed to test other geophysical anomalies. Drilling will begin in late November.
“The latest results in as yet unexplored areas spurs our decision to stay the course with our exploration program in tandem with our activities at the Croinor property. We believe this is the way to proceed to ensure that we obtain the clearest picture possible as to the potential of each of our properties.”
South Malartic recently agreed to send a 20,000-tonne bulk sample from Croinor for custom-milling at Richmont Mines‘ (RIC-T) Camflo mill near Val d’Or.
South Malartic also notes that dewatering of the former Goldust pit has wrapped up. A bulk sample will be collected in the first week of November.
South Malartic holds a 75% interest in Croinor; Calgary-based Huntington Exploration (HEI-V) owns the remaining 25%.
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